Below is information about INDEMNIFICATION OF CORPORATE OFFICERS from a variety of sources. Please take a look at the materials that our team has selected for you.
https://www.lawinsider.com/clause/indemnification-of-directors-and-officers#:~:text=The%20corporation%20shall%2C%20to%20the%20extent%20legally%20permissible%2C,as%20a%20single%20class%2C%20exclusive%20of%20any%20stock
https://www.lawinsider.com/clause/indemnification-of-corporate-officers-and-directors
indemnification of corporate officers and directors. (a) The Company shall indemnify its officers and directors for, and hold them harmless against, any loss , liability , or expense, incurred without
https://www.finra.org/rules-guidance/rulebooks/corporate-organization/indemnification-directors-officers-employees-agents
(h) FINRA Regulation's obligation, if any, to indemnify or advance expenses to any person who is or was serving at its request as a director, officer, employee, or agent of another corporation, partnership, joint venture, trust, enterprise, or non-profit entity shall be reduced by any amount such person may collect as indemnification or advancement from such other corporation, …
https://www.faegredrinker.com/en/insights/publications/2022/2/the-corporate-guide-directors-and-officers-indemnification-rights
Indemnification is mandatory where the director or officer has been successful on the merits of either a third-party claim or a claim brought by or on behalf of the corporation. Otherwise, indemnification can be awarded to directors or officers currently serving the company, in accordance with its bylaws or certificate of incorporation (including in circumstances where …
https://www.delawareinc.com/blog/how-important-is-corporate-indemnification/
Indemnification is a key protection for officers, directors and key employees, and the scope of an LLC’s or corporation’s indemnity provisions demands close attention. In an LLC, indemnification is completely discretionary and the scope of indemnification, if any, can be defined in the LLC’s Operating Agreement. Often, an Operating Agreement will provide broad …
https://www.lawinsider.com/clause/indemnification-of-directors-and-officers
Indemnification of Directors and Officers. The corporation shall, to the maximum extent and in the manner permitted by the General Corporation Law of Delaware, indemnify each of its directors and officers against expenses ( including attorneys ' fees ), judgments, fines, settlements and other amounts actually and reasonably incurred in connection with any proceeding, arising by …
https://www.finra.org/rules-guidance/rulebooks/corporate-organization/indemnification-directors-officers-employees-0
(f) The indemnification provided by this Section in a specific case shall not be deemed exclusive of any other rights to which a person seeking indemnification may be entitled, both as to action in his or her official capacity and as to action in another capacity while holding such office, and shall continue as to a person who has ceased to be a Director, officer, or committee member, …
https://scholar.smu.edu/cgi/viewcontent.cgi?article=3586&context=smulr
give a corporation the power to indemnify its officers or directors under certain circumstances, and mandatory or "right" statutes, which give the officer or director an enforceable right to indemnification when statutory standards of conduct are met. 7 Some statutes, known as exclusive statutes,
https://www.contractstandards.com/public/clauses/indemnification-of-directors-and-officers-corporate-bylaws
the corporation shall indemnify and hold harmless, to the fullest extent permissible under the law, as the same exists or may exist in the future (but, in the case of any future change, only to the extent that such change permits the corporation to provide broader indemnification rights than the law permitted prior to such change), each person …
https://www.calcorporatelaw.com/2013/06/when-officers-must-indemnify-the-corporation
When Officers Must Indemnify The Corporation. Much attention is focused on the power of corporations to indemnify corporate officers and other agents. In California, this is addressed by Corporations Code Section 317, which establishes the power to provide indemnification, and Section 204 (a) (11) which allows corporations to include a provision in the articles authorizing …
https://www.sec.gov/Archives/edgar/data/1175108/000119312506095139/dex1025.htm
WHEREAS, applicable law empowers corporations to indemnify a person who serves as a director or officer of a corporation or a person who serves at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint …
Did you find the information you need about INDEMNIFICATION OF CORPORATE OFFICERS?
We hope you found all the information about INDEMNIFICATION OF CORPORATE OFFICERS you were looking for and more.